Saturday, October 28, 2017


CIRCULAR No. UFBU/2017/22                                                   27.10.2017    

TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,

WAGE REVISION TALKS WITH IBA :

Further to the ongoing discussions in the Sub-Committee on non-financial demands, today, a round of discussions with the Full Negotiating Committee of IBA was held in Mumbai.

From the side of IBA, Mr.R.K. Takkar(MD-UCO Bank and Chairman of the Negotiating Committee), Mr.V.G. Kannan(Chief Executive of IBA), Mrs.Usha Ananthasubramaniam(MD-Allahabad Bank), Mr.P.S. Jayakumar(MD-Bank of Baroda), Mr.Shyam Srinivasan(MD-Federal Bank),  Mr.Prashant Kumar(DMD-SBI), Mr.B. Rajkumar(Dy.Chief Executive-IBA), Mr.S.K. Kakkar(Sr. Advisor-IBA) and Mr.K.S. Chauhan(Advisor-IBA) were present.

From the side of UFBU, the following representatives were present:

Com.C.H. Venkatachalam and Com.Rajen Nagar(AIBEA), Com.D.T. Franco and Com.Dilip Saha(AIBOC), Com.Sanjeev K. Bandlish and Com.Vinil Saxena(NCBE), Com.S. Nagarajan(AIBOA), Com.C.J. Nandakumar(BEFI), Com.Subhash Sawant(INBEF), Com.K.K. Nair(INBOC), Com.Ramnath Kini(NOBW) and Com.Sunil Deshpande(NOBO).

We submitted the following main issues/points and wanted the response of IBA.

*Wage revision process should be completed expeditiously.

*More frequent meetings/discussions to be held for this purpose.

*Data regarding 
establishment expenses,
number of employees, etc 
to be provided.

*Negotiations must cover all Officers upto Scale-VII.
*IBA to make their initial offer on increase in wages.
*Fixing the Price Index upto which DA is to be merged with Basic Pay.
*Discussion on the issues pertaining to retirees viz.
100% DA, 
pension updation, improvement in Family Pension, etc.
*Introduction of 5 Day Banking i.e. remaining Saturdays also to be holidays.

IBA responded as under:

*IBA will hold frequent meetings to expedite the process.
*Data on Establishment Expenses as on 31.03.2017 was provided.  
Further data would be provided shortly.
*On the issue of fractured mandate by some Banks, Unions have to take up with the concerned Banks.
*For officers, Performance related Variable Pay method to be introduced. 
*DA as on 31.10.2016 can be merged with Basic Pay.
*Issues like 100% DA and updation are subjudice due to litigation.
*On improvement in Family Pension, the cost aspect is being worked out.
*For introduction of 5 Day Banking, the matter needs to be taken up with various stake holders including customers and Government, etc. before any decision is taken.

There was a lot of discussion on these issues. From our side, we informed them as under:

*IBA should commence the meaningful negotiations by making their initial offer on wage increase.  
*Entire exercise should be attempted to be completed before December, 2017.
*While we shall meet the top management of the concerned Banks on mandate issue, IBA also should also take initiative to resolve the matter as majority of the Banks have given their mandate for negotiations upto   Scale-VII Officers.
*While we are for better performance, efficiency, more productivity, etc., any differentiated wage compensation will result in subjectivity, unilateralism, discrimination and may become demotivating and counter-productive. 
*On DA merger point, Unions will discuss and come back in the next round of talks.
*On pension related issues, none of the Unions under UFBU have resorted to litigation.
*On introduction of 5 Day Banking, IBA should take necessary steps from now on.

IBA took note of our views and it was decided to discuss the issues further in the next round of talks which will be held shortly. 

With greetings,
Yours comradely,
Convener/UFBU

30 comments:

dasari ramakrishna said...

When will be next round of meeting and can we expect new wage from Nov or December

VINOD KUMAR REDDY C said...
This comment has been removed by the author.
Anonymous said...

No..only after March 2020, u can expect

Anonymous said...

The problem is with union leaders. They enjoy double benefits, for the delay in wage revision they get bribed by government /IBA on the other hand they collect LEVY from members as if they have done a great favour

Chandrashekaraiah M G said...

Excellent comment. We seniors were/are agitating to such thing. Even though we used to comment across the table.

Chandrashekaraiah M G said...

Previously there used to be settlement once in 4 years. Our leader have signed to 5 years. The condition was the negotiation should start prior to 6 months of due date and the revised salary should commence on the due date. 01.11.2002, 01.11.2007., 01.11.2012, 01.11.2017 and so on.
The settlement never happened. We lost one settlement and that's why we are least paid. This is for information of youngsters.

Chandrashekaraiah M G said...

Previously there used to be settlement once in 4 years. Our leader have signed to 5 years. The condition was the negotiation should start prior to 6 months of due date and the revised salary should commence on the due date. 01.11.2002, 01.11.2007., 01.11.2012, 01.11.2017 and so on.
The settlement never happened. We lost one settlement and that's why we are least paid. This is for information of youngsters.

Chandrashekaraiah M G said...

Excellent comment. We seniors were/are agitating to such thing. Even though we used to comment across the table.

Anonymous said...

This time all of us must boycott levy if wage reviosin is in the range of 10%-20%. And if the wage revision is in excess of 60% and pensioners should also be benefitted, all of us should give 15 days salary/pension as levy. Lets see how ufbu will react to this.

Anonymous said...

Please note that no latest data were on the table.Only faltu batt were taken place.Only Dikha Jayega batt were taken place.Only sign will done after 28 months from now.

Anonymous said...

This time also it will be signed not before 2019.comrades please don't pay levy to these bastards

Anonymous said...

It is great success(?)�� of our unions that still IBA to announce (%)initial offer of wage increase. It is not a discussion, it is picnic party of our so called union leaders at the cost of our members.

Anonymous said...

There is no need of unions

Afsar Siddiqui said...

Basic is bar v 11747 se 19000 pass rehega... Uninon nautanki karte hain .2-4 din strike karenge aur salary deduct hoga.. Aur khoda pahar nikli chuhiye jaisa hal hoga..

Anonymous said...

AIBEA IS THE CULPRIT. COMMUNIST UNIONS ARE ALWAYS DANGEROUS. THEY ARE BACK STABBERS. THEY ARE POLITICALLY MOTIVATED

Anonymous said...

Basic concept of wage revision is discussing about wage increases but both our ufbu and iba are discussing other than wage increase. Both iba and ufbu should introspect and come forward with more meaningful dialogue

Compass TV said...

From where this da merger of 30.10.2016 came in picture.

Anonymous said...

Jan take ye budhe log bathei hain kuch achha nahi ho Sakta hamara

Anonymous said...

Scrap bipartite settlement. Introduce pay commission

Anonymous said...

Bipartitism leads to corruption

Unknown said...
This comment has been removed by the author.
Anonymous said...

Many central govt retirees get more than one lakh as pension. How come? Why bank retirees have meagre pension compared to central govt pensioners

rajeevkojha said...

Now deadline fixed by the Ministry is over.So,all negotiation committees should be kicked out.They should be kept away from any future negotiations.Govt may fix salary of bank officers at reasonable level.That will be far more beneficial to the bank employees.No levy or contributions to the Unions/Association thugs.

Anonymous said...

We should kill these bastards union wala....zinda jala do saalo ko.

Anonymous said...

yeh saale union walon ko nanga karke sarak par daudana chahiye.

Anonymous said...

Yeh sab union wale Randi ke bachhe Hai aur sabse bada bhadwa Sala yeh harami venkatchalam Hai madarchod saale Sab ke Sab Mann karta Hai haramiyon ko goli se udda duun.

Jayanta Banerjee said...

Bypartite nego should held between iba & the employees representative who are in service and Retirees/pensioners should represent for pensioners seperately

arms said...

Hahaha

Anonymous said...

India is dreaming big in development arena. Banks would be prime in helping the growth. If the compensation is not great, the people working for banks will look for alternate career opportunity. Does the stake holder aware of it and addressing in negotiation? The salary of a private bank is few crores a tera whereas that of CEO of PSU bank is not even one crore. It is said if you this nuts you will get only monkey. To attract good brains you need to pay handsomely. Cutting on expenses will not make the banks profitable which is going on. Bring in good people, fire the non performers, pay the work force handsomely and then you see the result.

Rakesh said...

Todays meeting? Any news.